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Behrouz Lavi
Keller Williams Realty-Studio City
818-432-1500
8 Units RTI Development opportunity on an R-3 zoned lot near downtown Los Angeles Crypto Center, Koreatown, and Pico-Union, with easy access to the freeway: Sold with approved plans and permits for a 4-floor construction with ground-level parking, offering a total living area of 14,400 ft.² The previous property has been demolished, making it an ideal prospect for investors and developers seeking a prime location with high rental demand potential.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1895
Building Area Total: 14,400
None
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1493
Lot Size Source: Assessor
Lot Size Square Feet: 6503
Original List Price: 1,500,000
Listing Contract Date: 2024-02-29
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5075008010
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C42 - Downtown L.A.
Postal Code Plus 4: 4306
Directions: East of Normandie, South of Pico Blvd
Zoning: LAR3
Source Property Type: Residential Income
Area: C42 - Downtown L.A.
Property SubType: Apartment
Property Age: 129
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1637 S Vermont Avenue, Los Angeles, CA,90006 | $2,600,000 | -- | -- | -- | 12750 Sqft |
1833 W Pico Boulevard, Los Angeles, CA,90006 | $1,350,000 | -- | -- | -- | 6247 Sqft |
980 S Oxford Avenue #403, Los Angeles, CA,90006 | $770,000 | 3 | 2 | 1,324 | 15497 Sqft |
1661 S Normandie Avenue, Los Angeles, CA,90006 | $1,200,000 | 2 | 1 | 3,396 | 6208 Sqft |
1421 Courtland Avenue, Los Angeles, CA,90006 | $900,000 | -- | -- | 2,087 | 3941 Sqft |
1144 Elden Avenue, Los Angeles, CA,90006 | $3,000,000 | 18 | -- | 9,758 | 7000 Sqft |
1138 S Mariposa Avenue, Los Angeles, CA,90006 | $1,499,000 | 8 | -- | 4,064 | 5904 Sqft |
1125 S Lake Street, Los Angeles, CA,90006 | $968,000 | 9 | 4 | 4,117 | 8579 Sqft |
943 S Normandie Avenue #1, Los Angeles, CA,90006 | $420,000 | 1 | 1 | 338 | 4140 Sqft |
1217 S Kingsley Drive, Los Angeles, CA,90006 | $890,000 | 3 | -- | 1,597 | 5899 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 14:06
MLS: SR24041767
LISTED BY: Behrouz Lavi, Keller Williams Realty-Studio City
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.